HYPROP INVESTMENTS LIMITED - Changes to the board of directors and board committees

Changes to the board of directors and board committees

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
("Hyprop" or the "Company")


CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEES


1.   APPOINTMENT OF NEW DIRECTORS

     Shareholders and noteholders are advised that board of directors of Hyprop ("the Board") has
     appointed Lucas Ndala and Martin Oberholster as independent non-executive directors of the
     Company with effect from 17 June 2026.

     Lucas Ndala
     Lucas is a CA(SA) and has served as the chief executive officer ("CEO") and financial director
     at various companies within the Royal Bafokeng Holdings and Telkom Groups. He has also
     served as a non-executive director and chairman on boards such as MB Technologies, RBPlat
     Limited, where he served on the Audit Committee and Remuneration Committee, Atterbury
     Investment Holdings (now Attacq), DHL Express, and Seacom South Africa Limited. Lucas is
     currently the CEO of Umkhwene Energy Pty Ltd, which operates in the liquid petroleum gas
     sector. He brings significant commercial, property, financial and investment experience to the
     Group.

     In addition to his appointment to the Board, Lucas will also be appointed to the Audit and Risk
     Committee.

     Martin Oberholster
     Martin is a CA(SA) and began his career as an audit partner at Ernst and Young, before joining
     Rand Merchant Bank ("RMB") in 1997. He spent over 25 years at RMB, serving on the RMB
     Advisory Board and various management boards within the RMB group. His roles included chief
     investment officer (Private Equity and Hybrid Equity), chief credit officer (Specialised Finance
     and Corporate Loans) and founder and co-head of RMB Principal Investments. Martin's strong
     financial, investment and risk management expertise will augment and strengthen the board's
     existing skill set.

     Martin was appointed as an advisor to Hyprop's Investment Committee in 2025 and following
     his appointment to the Board, he will become a member of the Investment Committee.

     The Board confirms that a fit and proper assessment has been undertaken for each of Lucas Ndala
     and Martin Oberholster, and the Board is satisfied with the outcome of these assessments. The
     Board further confirms that Lucas Ndala and Martin Oberholster's backgrounds and
     qualifications have been independently verified, and they have not made any declarations which
     require disclosure pursuant to paragraph 6.74 of the JSE Listings Requirements.

2.   RESIGNATION OF DIRECTOR

     Shareholders and noteholders are advised that Reeza Isaacs, independent non-executive director
     and member of the Audit and Risk Committee, has resigned from the Board and the relevant
     committee with effect from 1 July 2026, following his appointment as the CEO of The Spar
     Group Limited.

     The Board thanks Reeza for his valuable contribution to the Group and wishes him well in his
     new role.

3.   CHANGES TO THE BOARD COMMITTEES
     Following the changes above,

     -     the Audit and Risk Committee will comprise the following members:
           -      Zuleka Jasper (Chairperson);
           -      Annabel Dallamore; and
           -      Lucas Ndala; and

     -     the Investment Committee will comprise the following members:
           -      Spiro Noussis (Chairperson);
           -      Loyiso Dotwana;
           -      Bernadette Mzobe;
           -      Wilhelm Nauta;
           -      Martin Oberholster; and
           -      Morné Wilken.

17 June 2026


Sponsor
Java Capital

Date: 17-06-2026 08:00:00
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